Australia Attempts To Cool The Real Estate Market
Housing buyers in Australia's two cities of Sydney and Melbourne will face more difficult lending standards within a few months of 9: 00/2: 14 South price of home in Sydney, Australia increased sharply. Artwork: THX / TTXVN buyers of Australia's two houses in Sydney and Melbourne will face more difficult loan standards within a few months, in the context of super large mortgages to buy Housing in expensive regions is far exceeding the income increase. At the last quarter, the Council of Australia's financial management agencies, including federal reserve banks (RBA instant banks nursing), Australian Securities and Investment Commission, Australian Safety Supervisors (APRA) and federal Treasury, said that recent blocking orders have reduced transactions as well as the number of houses Be sold, but the price is still growing rapidly in most markets. The Council notes that this is a stage of credit growth higher than the household income growth and this will increase the medium-term risk to Economy, although loan standards are still suitable.asa is the authority that reserves the right to apply macro careful rules for banks, As long as applying limits for specific forms of loans or tightening the income ratio on the loan
